NIYO SOLUTIONS

NIYO is a Bengaluru based fintech startup that offers digital banking solutions such as prepaid payroll cards, cross-border travel payment debit cards and multi-wallet tax benefit cards to customers.

FinTech

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Basic Information

NIYO is a Bengaluru based fintech startup that offers digital banking solutions such as prepaid payroll cards, cross-border travel payment debit cards and multi-wallet tax benefit cards to customers. Founded in 2015, NIYO operates as a neo-bank or challenger bank and offers digital banking products and services… Read more

Legal Name

Finnew Solutions Pvt Ltd

Headquarters

Bangalore, Karnataka, India

Business Model

B2C, B2B2C

Founding Date

Nov 2015

No. of Employees

11 to 20

Core Team

VINAY BAGRI

Co-Founder

VIRENDER SINGH BISHT

Co-Founder

Timeline

2015

Nov | Company Incorporation

Incorporation of the company

2016

Sep | Product Launch

Launch of NIYO Benefits Card Product

2017

Jan | Product Launch

Launch of NIYO Bharat Product

2018

Sep | Product Launch

Launch of NIYO Global Card

2019

Jul | Raised Funding

Raised Series B funding round

Revenue Stream

Commission on transaction

Fee-For-Service

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Target Market

B2B

We provide integrated payroll, salary banking and HRMS solutions to enterprises (SMEs) who employ blue-collared workers

Client Segment

FinTech, SaaS

Target Companies

Small Enterprise, Medium Enterprise

Target Geography

India

B2C

We provide prepaid payroll cards along with mobile app for blue-collared workers and a zero forex mark-up cross border travel payment card for people who travel abroad

User Age

35 to 45, More than 60, 26 to 34, 18 to 25, 46 to 60

User Income

Upper-middle Income, High Income, Lower-middle Income, Lower Income

Location

India

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Funding

Total Funding

$49.2M

Investors

Social Capital